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- Kin Mining’s (KIN) new drilling results have the potential to further expand and upgrade the Bruno-Lewis deposit, located within the Cardinia Gold Project in WA
- Kin has now received some results from its reverse circulation (RC) drilling program
- The results have confirmed the quality of the Bruno-Lewis deposit, therefore showing the potential to expand the mineral resource estimate (MRE)
- An update on the MRE, that will include all 2020 drilling data, is expected to be completed in the March quarter
- Kin is now awaiting results for a further 38 RC drill holes
- On the market today, Kin is in the grey and trading at 15 cents each
Kin Mining’s (KIN) new drilling results have the potential to further expand and upgrade the Bruno-Lewis deposit, located within the Cardinia Gold Project in WA.
Yesterday, the company reflected on December quarter as it plans to increase the current 311,000-ounce mineral resource estimate (MRE) at Cardinia.
Kin has now received inital results from its reverse circulation (RC) drilling program at the deposit. The program included 76 drill holes for 7054 metres.
The results from the program have confirmed the quality of the Bruno-Lewis deposit, therefore showing the potential to expand the MRE.
Results include nine metres at 5.15g/t of gold from 37 metres and four metres at 6.76 g/t of gold from 87 metres.
The drilling at the deposit is part of the phase three drilling program, which was completed in late 2020.
The company is now awaiting results for a further 38 RC drill holes that targeted the northern half of the Bruno-Lewis deposit.
An update on the MRE, which will include all 2020 drilling data, is expected to be completed in the March quarter.
Managing Director Andrew Munckton says the strong results from phase three drilling continue to show the potential of Cardinia.
“The excellent results received so far from the southern portion of Bruno-Lewis have highlighted the potential both to increase the average grade of the Mineral Resource and to include previously identified lode positions both close to surface and at a depth that was not classified as part of the most recent mineral resource estimate in December 2020,” he said.
“This drilling will be incorporated as part of a new mineral resource estimate for Bruno-Lewis scheduled for the March quarter, that should lift our project-wide mineral resource inventory beyond the 1.15-million-ounce figure announced in December 2020,” he added.
On the market today, Kin is in the grey and trading at 15 cents each at 12:02 pm AEDT.
